OUR COMMITMENT TO RESPONSIBLY PRODUCED PRODUCTS

Eldorado is committed to responsibly producing gold and other metals that offer a wide range of uses. Our products advance sustainable development and contribute to economic growth around the world.

GOLD CHANGES THE GAME FOR BREAST CANCER PATIENT CARE

In Canada, one in eight women will develop breast cancer in their lifetime, making it essential that we have the tools to quickly identify and treat the disease. Through the Breast Surgical Localization Program, the Providence Breast Centre at Mount St. Joseph Hospital in Vancouver is ensuring that women have access to lifesaving and life-altering care.

CONTRACTOR AND SUPPLIER MANAGEMENT

Eldorado’s supply chain forms an important stage in the lifecycle of the gold and precious metals we responsibly produce. Our contractors are a critical part of our workforce, contributing to areas including exploration, construction and other developments requiring specific resources and expertise, and we work with our suppliers to procure vital supplies for our workforce and operations, such as food, tools, equipment, machinery or bulk materials.

Eldorado acknowledges the importance of not only managing risks and implementing internationally recognized best practices in its own operations, but extending these expectations to our contractors and down the supply chain. SIMS requires all contractors and suppliers to be evaluated and conduct their work according to minimum performance standards for health and safety, environmental, social, human rights and other facets of sustainability, including:

  • Complying with the the MAC-TSM Prevention of Child and Forced Labour Verification Protocol;
  • Having contractors’ and sub-contractors’ sustainability performance evaluated as part of the risk-based selection process;
  • Undergoing site-level due diligence, monitoring, reporting and oversight; and
  • Having adequate insurance, training, certifications and protocols.

Guided by our corporate commitments, applicable laws and evolving best practices, we are working to develop improved tools and controls to mitigate risks outside of our own operations and progress against the requirements in Sustainability Integrated Management System (SIMS). In 2021, Eldorado identified an opportunity to broaden the reach of its formal policies and controls for stronger commitment to ethical and responsible supply chains. Through 2022, we worked to produce a Supplier Code of Conduct that was finalized and formally adopted in 2023 and seeks to align our suppliers with Eldorado’s commitments. We also began investigating and developing processes to conduct systematic risk-based due diligence and compliance monitoring of our supply chain as controls against the Supplier Code.

United Nations

Eldorado is a signatory to the UN Global Compact (UNGC), the world’s largest corporate responsibility initiative. The UNGC’s Ten Principles provide fundamental guidance for our business in the areas of human rights, labour standards, the environment and anti-corruption. We have considered the UNGC’s Principles in the development of our Code of Ethics and Business Conduct, Anti-Bribery and Corruption PolicyHuman Rights PolicyDiversity PolicySocial Performance Policy and our Environmental Policy. We report against each of the Ten Principles in our Communications on Progress.

 

Voluntary Principles

VOLUNTARY PRINCIPLES ON SECURITY AND HUMAN RIGHTS

The Voluntary Principles on Security and Human Rights (VPSH) is considered the standard for best practice in managing security for extractive industry operations. Our commitment and progress on the VPSHR is discussed in our VPSHR Report and included in MAC’s annual Towards Sustainable Mining Progress Report.

Eldorado has committed to implement the VPSHR in its Human Rights Policy. SIMS also supports Eldorado’s alignment with the VPSHR.

 

World Gold Council

WORLD GOLD COUNCIL’S (WGC) CONFLICT-FREE GOLD STANDARD (CFGS)

The WGC’s Conflict-Free Gold Standard creates a framework for assurance that the production of gold by a company does not contribute to unlawful armed conflict or human rights abuses. Although Eldorado’s operations are not located in conflict-affected areas, we adopted the CFGS in 2013 and can therefore provide assurance that the gold we produce does not cause, support or benefit armed conflict or contribute to human rights abuses or breaches of international humanitarian law. This commitment is reinforced in our Human Rights Policy and in SIMS. Our annual Conflict-Free Gold Report confirms Eldorado’s gold-producing operations do not contribute to conflict.

Implementing The Voluntary Principles

IMPLEMENTING THE VOLUNTARY PRINCIPLES ON SECURITY AND HUMAN RIGHTS THROUGH SIMS

We are responsible for the security of our people, property and products and work closely with public and private security providers to operate in a manner that promotes and protects human rights. As a member of MAC and the WGC, Eldorado is committed to providing a safe and secure working environment for our employees, contractors and visitors and managing security-related human rights risks through implementation of the Voluntary Principles on Security and Human Rights.

OTHER SUSTAINABILITY PILLARS

Engaged And Prosperous Communities

Engaged And Prosperous Communities

From the initial stages of exploration to the eventual reclamation and rehabilitation of a mine site, Eldorado relies on the relationships we have with our stakeholders to work toward socially inclusive and sustainable development.

Healthy Environments Now & for the Future

Healthy Environments Now & for the Future

We carefully plan, design and build operations to mitigate our environmental impacts, and work with host communities and governments to ensure that our operations meet acceptable standards of practice and adhere to regulations.

Safe, Inclusive And Innovative Operations

Safe, Inclusive And Innovative Operations

People are at the core of our business. By keeping our people safe, providing well-paid jobs and fostering inclusivity and diversity in our workforce, our operations contribute to the social and economic development of the communities in which we work.